Brits urged to reassess insurance cover amid economic concerns
Britons have been urged to assess their insurance cover in the light of signs that an economic downturn is setting in. In a study conducted by PruProtection, it was discovered that nine per cent of the population have no insurance cover at all. Meanwhile, just 13 per cent of those polled have mortgage payment protection insurance, payment protection insurance or accident, sickness and unemployment insurance. This lack of cover is likely to be a key factor in what the insurer dubs an increasing "sense of financial foreboding" among Britons, with more than half of the sample confessing that their financial situation has become their chief concern. Sammy Rubin, chief executive officer of PruProtect, said that the figures underlined the importance of insurance and the peace of mind it can bring. He commented: "There is obviously a gap between what issues we, as a society, are worrying about and what we're doing to alleviate these worries. "Protecting ourselves in the event of changes to our personal circumstances can take a huge weight off our minds."
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